discrimination, however, such equilibria can arise solely from the influence of asset price volatility on participants strategically … correlated with the degree of price volatility exhibited by the otherwise similar assets being financed by members of each of …

. -- Volatility ; money and credit shocks ; growth ; inflation …The post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity … volatilities away from the downward trending GDP and inflation volatilities. Using an endogenous growth monetary DSGE model, with …

data (Ingram et al., 1994). Model velocity is stable along the balanced growth path, which features endogenous growth and … velocity volatility at both business cycle and long run frequencies. With filtered velocity turning negative, starting during …. -- Volatility ; business cycles ; credit shocks ; velocity …

the Great Moderation. While the volatility of financial price variables also follows such pattern, financial quantity … variables have experienced a continuous immoderation. We examine these patterns in volatility by estimating a DSGE model with …

uncertainty is proxied by the (unobserved) volatility of the structural shocks, and a regime change occurs whenever credit …

We document a strong co-movement between the VIX, the stock market option-based implied volatility, and monetary policy …. We decompose the VIX into two components, a proxy for risk aversion and expected stock market volatility (“uncertainty …

frictions create volatility: they add an additional, almost acyclical, entry cost to procyclical job creation costs, thus … volatility puzzle …

The VIX, the stock market option-based implied volatility, strongly co-moves with measures of the monetary policy … stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility …

The VIX, the stock market option-based implied volatility, strongly co-moves with measures of the monetary policy … stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility …